Top 9 AI Stocks to Watch Amid DeepSeek Frenzy

5. Coherent Corp. (NYSE:COHR)

Number of Hedge Fund Holders: 51

Coherent Corp. (NYSE:COHR) is a technology company that develops, manufactures, and markets engineered materials, optoelectronic components and devices. The diversified provider of lasers, optical components, and electronic materials delivered better-than-expected fiscal results in the second quarter of 2025 on February 5th.

Revenue in the quarter topped $1.44 billion, above the $1.37 billion expected, marking a 27% year-over-year increase. It also logged earnings per share of $0.95 against $0.69 expected. The better-than-expected results were driven by robust demand for Coherent Corp.’s (NYSE:COHR) AI-related data centre applications. AI data centre demand drove a 79% increase in data-com-related sales. The company is increasingly leveraging AI to enhance the development of advanced semiconductor products to improve yield rates and reduce waste.